International Business Compared with Local and National Business

This essay provides a comparative analysis of international, local, and national business models. It defines international business as cross-border transactions between countries, citing examples like TESCO and Sainsbury in the UK, and highlights its profit-generating potential. Local businesses, characterized as brick-and-mortar operations owned by local individuals, serve specific areas and contribute to the local economy. National businesses operate within a country's boundaries, adapting to the national culture and aiming for economic growth and employment generation, with examples including Aviva insurance and Centrica in the UK. The essay references works by Meyer (2017), Ronen and Shenkar (2017), and Rupasingha (2017) to support its analysis.

Local business:
•A company that offers
products to the local
customers is known as local
company.
•It is also known as brick
and mortar which is owned
by local people and being
operated within a specific
area.
•Here, local business is
created in local area and
offers variety of
commodities, products,
services and more
(Rupasingha, 2017).
•Local business is the major
source of income for the
local people and it helps in
uplifting the living standard
of local community.
•An example of local
business is a one-person
owned barber shop,
restaurants, café and more.
References
•Meyer, K.E., 2017.
International business in an
era of anti-
globalization. Multinational
Business Review.
•Ronen, S. and Shenkar, O.,
2017. Navigating global
business: A cultural
compass. Cambridge
University Press.
•Rupasingha, A., 2017.
Local business ownership
and local economic
performance: evidence from
US counties. Regional
Studies, 51(5), pp.659-673.
)
National business:
•National business is likely to
operate within the boundaries of a
particular country.
•Unlike local business, national
business is likely to analyze the
culture of nation before
developing a particular product or
service.
•The main aim of national
business is to target the audience
of particular country to gain
higher amount of profit in
significant manner (Ronen and
Shenkar, 2017).
•National business is helpful in
economic growth. Also, it
contributes in employment
generation so that the country can
grow easily.
•The example of national business
in UK are Aviva insurance,
Centrica and more.
International business:
•When the business activities are
done at global level, it is known as
international business. Basically, it
includes the cross border
transactions between two and
more countries (Meyer, 2017).
•International business is a
significant way to earn more
profit.
•In UK, the significant examples
of international business are
TESCO, Sainsbury and more.
Business
International business:
When the business activities are done at global level, it is known as international business. Basically, it includes the cross border transactions between two and more countries (Meyer, 2017).
International business is a significant way to earn more profit.
In UK, the significant examples of international business are TESCO, Sainsbury and more.
International business:
When the business activities are done at global level, it is known as international business. Basically, it includes the cross border transactions between two and more countries (Meyer, 2017).
International business is a significant way to earn more profit.
In UK, the significant examples of international business are TESCO, Sainsbury and more.